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IRA Rollover

A rollover moves retirement money from one account to another — most often from an old employer's 401(k) into an IRA — without triggering taxes or penalties. It keeps your savings growing tax-advantaged while giving you more investment choices and lower fees.

A direct rollover (funds go account-to-account) avoids withholding; an indirect one gives you 60 days to redeposit or it's taxed. Rolling an old 401(k) into an IRA is a common cleanup move, though it can complicate a future backdoor Roth.